Venmo is a great way to send and receive money from friends and family, but what if you don’t have a bank account? Or maybe you just want to make a little extra money on the side. In either case, there are ways to get money from Venmo without bank account.
How to Get Money from Venmo Without Bank Account:
Prepaid debit cards are a great option if you don’t have a bank account or if you’re looking to save on fees. With a prepaid debit card, you can add money to your account and use it to make purchases or withdraw cash from an ATM. And, best of all, most prepaid debit cards don’t charge any fees.
So, how do you get started? Let’s have a look at the step-by-step instructions.
Get Yourself a Debit Card:
First, you’ll need to find a good prepaid debit card that works with Venmo. We recommend the Green Dot Platinum Visa® Credit Card because it has no monthly fees and no minimum balance requirements. Plus, you can use it anywhere Visa is accepted, which includes almost everywhere Venmo is accepted.
Activate Your Card & Create an Account:
Once you have your card, you’ll need to activate it and create an account. You can do this online or over the phone.
Link Your Card to Venmo:
Once your account is created, you’ll need to link your card to Venmo. To do this, open the Venmo app and tap the “…” icon in the top-right corner. Then, tap “Settings,” scroll down to “Payment Methods,” and tap “Add Bank or Card.” From there, just follow the instructions to link your card.
Start Using Venmo:
Now that your card is linked, you’re ready to start using Venmo. Just choose the debit card as your payment method when making a payment, and you’re all set!
Some Things to Know:
There are a few things to keep in mind when using your debit card with Venmo. First, you may be charged a cash advance fee by your card issuer when you use your card to withdraw cash from an ATM.
Second, some merchants may put a hold on your funds when you use your card to make a purchase, which can delay the availability of those funds in your Venmo account.
And finally, if you lose your card or it’s stolen, you should report it to your card issuer right away and cancel the card to prevent unauthorized charges.
Even though there are a few things to keep in mind, using a prepaid debit card with Venmo is still a great way to get money from Venmo without having a bank account.